IMPORTANT MESSAGE FOR EMPLOYERS

May 27, 2014

Increase in Superannuation Guarantee Rate from 1 July 2014 The 2014 Federal Budget has confirmed the superannuation guarantee (SG) rate will increase from 9.25 percent to 9.5 percent from 1 July 2014. This is as previously legislated. However, changes have been made to the schedule for eventually increasing the SG rate to 12 percent. The rate will remain at 9.5 percent until 30 June 2018. It will then increase by 0.5 percent each year until it reaches 12 percent in 2022-2023. Financial Year SG Rate 1 July 2014 9.5% 1 July 2015 9.5% 1 July 2016 9.5% 1 July 2017 9.5% 1 July 2018 10.0% 1 July 2019 10.5% 1 July 2020 11.0% 1 July 2021 11.5% 1 July 2022 12.0%

The above article was sent to subscribers in Pharmacy Daily's issue from 27 May 14
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Pharmacy Daily | IMPORTANT MESSAGE FOR EMPLOYERS

IMPORTANT MESSAGE FOR EMPLOYERS

Other recent headlines

PD breaking news – 2024 PSA MIMS Credentialed Pharmacist of the Year winner announced

Dementia body’s new face

Many stores still not stocking Naloxone

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES